# Weather continues to dominate market sentiment -  Premium

> European grain prices slipped as the absence of confirmed weather problems eased support. MATIF December wheat fell to €171.25/t, and Chicago wheat dropped, while Irish barley and new-crop prices weakened. US rain has improved maize and soybean prospects, and the EU cut its maize yield estimate by over 4%.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/12265-weather-continues-to-dominate-market-sentiment-premium
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Ample world wheat supply and harvest pressure are weighing on European and US grain prices. The EU maize yield cut provides some offsetting support for corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +0.9% | +1.5% |
| WHEAT | 2023-05-23 | [MARS estimates higher grain yields due to weather](https://feedsoft.ai/events/35916-mars-estimates-higher-grain-yields-due-to-weather.md) | -1.2% | -2.5% |
| WHEAT | 2017-04-26 | [Canola up on planting woes, market eyes weather, trade policy \| The Western Producer](https://feedsoft.ai/events/71596-canola-up-on-planting-woes-market-eyes-weather-trade-policy-the-western-producer.md) | +3.3% | +1.6% |
| WHEAT | 2026-07-29 | [Soybeans Sink on Weather, Pulling Down Corn and Wheat: Cattle Continue to Recover - AgWeb](https://feedsoft.ai/events/18361-soybeans-sink-on-weather-pulling-down-corn-and-wheat-cattle-continue-to-recover.md) | -1.4% | +2.4% |
| WHEAT | 2021-06-18 | [Farming News - Wheat & Oilseed market update from ADM - UK wheat conditions continue to improve](https://feedsoft.ai/events/7307-farming-news-wheat-and-oilseed-market-update-from-adm-uk-wheat-conditions.md) | -7.5% | -11.2% |
| CORN | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | -1.1% | +3.5% |
| CORN | 2024-06-21 | [Commodities Market Impact Weather](https://feedsoft.ai/events/13179-commodities-market-impact-weather.md) | -5.5% | -8.4% |
| CORN | 2017-08-30 | [Cool weather continues to slow corn and soybean maturity levels \| Farm Progress](https://feedsoft.ai/events/69303-cool-weather-continues-to-slow-corn-and-soybean-maturity-levels-farm-progress.md) | +2.3% | +3.1% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/weather-continues-to-dominate-market-sentiment-297744/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.